Federal-Mogul Holdings $FDML will split into two companies

Federal-Mogul Holdings Corporation (NASDAQ: FDML) announced its plan to separate its Powertrain and Motorparts divisions into two independent, publicly-traded companies serving the global original equipment and aftermarket industries. The planned separation will be implemented through a tax-free distribution of Federal-Mogul’s Motorparts division to shareholders of Federal-Mogul Holdings Corporation. Source: Filing